HYPE’s market capitalization surpassed $20 billion as the token reached successive record highs on Aug. 24, while related Hyperliquid ecosystem assets also rallied. GMGN data showed PURR up more than 57%, KNTQ up 19%, EGG up 187% and JOFF up 233.4% over 24 hours. BlockBeats cautioned that the tokens are highly volatile.